10/13/2008

Hello:

It is not in the American psyche to play the waiting game. We are trained from the time we are infants that we need to be proactive and "do" something. No one takes baby pictures when the baby is patient for the first time.

However, during these economy driven market storms, it is usually best to ride it out passively, and then take prudent action when the market returns to a more bullish pattern. How very counter-intuitive! But consider this, the market drops are similar to a rip current. It is best to ride it out until it loses power, and then swim to shore.

Market maven, Warren Buffett, is encouraging the public to be greedy because he likes to be greedy when the populous is fearful. Certainly, since he made his billions by investing, he is one worth a listen. However, I would counsel people to be prudent rather than greedy.

We may be out of the woods, but then again, we may not be.

What's on your mind? Email or call us to let us know what you are thinking!

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager